The main crux of the concerns centres around the issue of the “consent threshold” to be gathered from property owners before a development is redeveloped under the new law.
The RE Industrial Park is part of the one gigawatt hybrid solar power plant project and is one of the flagship catalytic projects under Malaysia’s National Energy Transition Roadmap (NETR).
The development could host some 1,600 new homes with an estimated gross development value over £3 billion (RM17.
The company’s construction arm announced on Wednesday (May 15) that it landed a contract worth RM174.
The group said RM16 million of the purchase price will be satisfied via the issuance of 17.
To be completed in 36 months, the contract is slated for completion by May 21, 2027, Mitrajaya showed in a bourse filing.
LFE said its wholly owned subsidiary LFE Engineering Sdn Bhd had accepted two letters of awards from MLG Design & Construction Sdn Bhd to be appointed as a subcontractor for the hotel project in George Town.
This will be NCT Group’s second industrial park development project.
Eupe Corp, which is planning to finance the consideration through internal funds and borrowings, said the proposed acquisition aligns with the group’s expansion objective and growth strategy by adding suitable land to its land bank, and expanding its property development portfolio to increase income.
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